Answer :
Answer:
The reconciled bank balance for the cash amounts to $1,600
Explanation:
The reconciled bank balance for the cash would be computed as:
= Bank statement balance + Deposits outstanding - Checks outstanding
where
Bank statement balance amounts to $1,850
Deposits outstanding amounts to $3,600
Checks outstanding amounts to $3,850
Putting the balances above:
Reconciled bank balance for cash = $1,850 + $3,600 - $3,850
= $5,450 - $3,850
= $1,600
Therefore, the adjusted bank statement balance amounts to $1,600